UPDATE: BMO Capital Markets Downgrade Kansas City Southern to Underperform on Valuation

27% profits every 20 days?

This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.

BMO Capital Markets reduced its rating on Kansas City Southern (NYSE: KSU) from Market Perform to Underperform with a reiterated $70 price target. BMO Capital Markets commented, "We are lowering our rating to Underperform from Market Perform on the basis of the following: (1) valuation appears to be at its peak versus the 5-year historical average and relative to the overall market and offers little room for upside, and (2) earnings estimates for Q4/12 and 2013 appear somewhat optimistic. We expect modest downward earnings revisions given weaker agriculture and coal segments and a generally slowing economy."Kansas City Southern closed at $83.95 on Friday.

27% profits every 20 days?

ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!